HBL Engineering Ltd receives LoA from South Central Railway for KAVACH upgrade worth Rs. 30.67 crores

South Central Railway has issued letter of acceptance to HBL Engineering Limited (Formerly HBL Power Systems Limited) for upgradation of the Kavach Version 3.2 to Version 4.0 in Mudkhed(Including) - Manmad (Excluding) Section covering 350 Kms.

The Total value of the contract (inclusive of 18% GST) is Rs. 30.67 Crores.

The contract has to be completed within 24 months.

The total accumulated order book is Rs.4,029.05 Crores.

Shares of HBL Engineering Limited was last trading in BSE at Rs. 590.00 as compared to the previous close of Rs. 600.80. The total number of shares traded during the day was 45754 in over 1436 trades.

The stock hit an intraday high of Rs. 596.65 and intraday low of 582.30. The net turnover during the day was Rs. 26997048.00.

Source : Equity Bulls

Keywords

HBLEngineering INE292B01021 LOA OrderWin SouthCentralRailway